Diesel Price in Siliguri Today

Monthly Diesel Price Trend in Siliguri for October 2023 

1. Diesel prices opened the month of October standing at the rate of Rs.92.74 per litre in Siliguri. When compared to the closing rates of the previous week, there were no changes in the price of the fuel. 
2. The price of the fuel was stable and witnessed no fluctuations during the month of October in Siliguri. 
3. In Siliguri, the last week of October closed with the price of the fuel standing at the rate of Rs.92.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Siliguri. 

Trend of Diesel Price in Siliguri for September 2023 (rates per litre) 

Monthly Diesel Price Trend in Siliguri for September 2023 

1. Diesel prices opened the month of September standing at the rate of Rs.92.74 per litre in Siliguri. When compared to the closing rates of the previous week, there were no changes in the price of the fuel. 
2. The price of the fuel was stable and witnessed no fluctuations during the month of September in Siliguri. 
3. In Siliguri, the last week of September closed with the price of the fuel standing at the rate of Rs.92.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Siliguri. 

Quarterly Diesel Price in Siliguri between July 2023 and September 2023 

1. On 1 July, the price of diesel in Siliguri was Rs.92.74 for a litre. Diesel prices remained the same throughout the month in the state. 
2. In August, the price for a litre of diesel in Siliguri was Rs.92.74. Diesel rates remained the same throughout August in the state. 
3. The prices of diesel in Siliguri in September remained the same and were Rs.92.74 for a litre. 

Quarterly Diesel Price in Siliguri between April 2023 and June 2023 

1. On 1 April, the price of diesel in Siliguri was Rs.92.74 for a litre. Diesel prices remained the same throughout the month in the state. 
2. In May, the price for a litre of diesel in Siliguri was Rs.92.74. Diesel rates remained the same throughout May in the state. 
3. The prices of diesel in Siliguri in June remained the same and were Rs.92.74 for a litre. 

About Diesel 

Diesel is one of the widely used fuel oils in India. Popular for its efficiency and mileage, the petroleum distillate is used to power motor vehicles and equipment installed with diesel engines or compression-ignition engines. 

Just like its counterpart petrol, diesel powers many cars, buses, trucks, trains and other commercial equipment such as drilling machines, power generators and other pumping units. 

Factors Affecting the Prices of Diesel in India 

Some of the factors that affect the prices of diesel in India are mentioned below: 

1. Crude Oil Prices in the Global Markets: The prices of crude oil in the global markets determines diesel prices in India. 
2. Demand: In case the demand is high, the prices of diesel increase. If the demand is low, diesel prices fall. 
3. Seasonal Changes: In case the supply is low during a particular season, the prices of diesel will increase. 
4. Value of the Rupee against the Dollar: The value of the dollar against the rupee plays a role in determining diesel prices. In case the value of the dollar is high, the value of oil will fall. 

Dynamic Fuel Pricing 

Dynamic Fuel Pricing is also called daily revision of Diesel Prices and petrol prices. The move assures that the advantage of even a minute variation in global oil prices may be transmitted to fuel users and dealers. 

Revising diesel prices and petrol prices on a daily basis fosters transparency, encourages the automation drive of dealers, and boosts appropriate stock management practices. Fuel users shall be mapped to market rates. 

A glimpse at VAT on Diesel in a few selected states

Value-added tax is something that makes the price of diesel vary from city to city. As we can see from the table, the percentage of VAT charged on diesel is comparatively lower in West Bengal.

Revision of Diesel Prices in Siliguri

Dynamic fuel pricing module came into practice in India on 16 June 2017. Since then, Indian Oil Limited, Bharat Petroleum Limited and Hindustan Petroleum Limited in Siliguri are updating the diesel price regularly. Like the earlier fortnightly-based revision, the daily fuel revision is carried out in sync with the exchange rate and the global market price of unrefined oil. Any downs and ups in these two price determinants are transmitted to end fuel consumers.

Prime features of Dynamic Fuel Pricing

1. Undoubtedly, it assures transparency in fuel revision and pricing.
2. Managing inventories may not be a problem for oil marketing companies.
3. Managing current liabilities and current assets can no longer be a problem.
4. Time and operational expenditures can be saved.

How do I get the Current Diesel Price in Siliguri?

Today's diesel price in Siliguri can be obtained using any one of the following options:

1. Mobile applications: The name of the mobile application designed by Indian Oil is "Fuel@IOC," the name of the mobile application created by Hindustan Petroleum is "MY HPCL" and the name of the mobile application designed by Bharat Petroleum is "SmartDrive."

1. SMS requests: You can get fuel rates in Siliguri just by sending an SMS request. This facility is offered by all OMCs.

1. Online: You may also visit the websites of OMCs. Check via BankBazaar.com and the website of Indian Oil is www.iocl.com , the website of Bharat Petroleum is www.bharatpetroleum.com

How is the Retail Selling Price of Diesel computed?

The following components are added to arrive at the Retail Selling Price Diesel:

1. The cost of crude oil, which is estimated to be Rs.26.42 per litre.
2. The entry tax is estimated to be Rs.7.5 per litre.
3. The profit margin of OMCs, freight and transportation overheads are estimated to be Rs.2.87 per litre.
4. The central tax on diesel has now revised to Rs.15.33 per litre.
5. The commission levied by dealers has increased from Rs.1.51 per litre to 2.51 per litre.
6. Additional VAT on diesel is estimated to Rs.9.44 per litre.

The sum of the all the above-said cost factors is the retail selling price of diesel.

Factors influencing Diesel Prices in Siliguri

Today, we observe fuel rates fluctuating often because of the currency conversion rate, levies and crude oil rates. As on 8 February 2018, the exchange rate of the INR against the USD is Rs.64.30. This currency pair is traded in the Forex market. The currency conversion rate is reliant on global factors, including inflation rates and bank interest rates. Fuel prices are directly affected by the variations in the USD/INR exchange rate, tax components and crude oil rates.

GST vs Diesel Rates in Siliguri

The Goods and Services Tax replaces the earlier indirect taxes to provide a comprehensive taxation system for the country. The GST Council came out with four GST tax rates, which include 5%, 12%, 15% and 28%. All goods and services are presently taxed at these rates. The highest rate is 28% and the lowest rate is 5%. Since diesel is not taxed under the GST system presently, the price of which remains unchanged. The GST Council may bring diesel under the regime of the GST.

*Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.